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Time
10:00am - 3:00pm
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End Date
25 Apr, 2022 - 27 Apr, 2022
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Price
₦175,000
Event Details
By the end of the workshop, participants will able to:
- Properly account for write-downs, write backs and impact of changes including accounting policies in financials
- Report and disclose inventory accurately by adhering to internationally recognized conventions.
- Understand inventory cost allocation techniques and cost accounting approaches.
CONTENT
Introduction to Inventory
- Current assets and inventory management
- Reasons for keeping inventory
- Inventory cycle from purchases to sales
- Understanding and analyzing inventory ratios
Accounting for Inventory
- Inventory flow from balance sheet to income statement
- Perpetual vs periodic inventory method
- Measurement after recognition
- Accounting for inventory
- Inventory cost flow assumptions
- Inventory required disclosures
- Inventory estimation techniques
Inventory Costing Techniques
- Cost accounting versus financial accounting
- Cost allocation techniques
- Initial recognition
Cost Accounting Approaches
- Standard cost accounting
- Activity-based costing (ABC)
- Life cycle accounting
- Thruput accounting
- Lean accounting
FOR WHOM:
Accountants, Auditors and other Financial Managers in both the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
DATE:
1ST BATCH: 25th – 27th April, 2022
2ND BATCH: 17th – 19th Oct, 2022
Other Dates
Start Date | End Date |
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17 Oct, 2022 | 19 Oct, 2022 |
Start Date | End Date |
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25 Apr, 2022 | 27 Apr, 2022 |
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